What is DAO?

What is DAO?

Decentralized Autonomous Organization (DAO) is a digital native community centered on a common mission. DAO is:

Decentralized because they are community-owned, grassroots-driven, and loosely organized (in sharp contrast to centralized organizations with close hierarchical structures such as bureaucracies or companies).

Autonomous, because their sharing rules and shared funds are encoded and automatically executed on the Ethereum blockchain.

Organization, because they are a group of people who connect and collaborate around a specific purpose.